Bally’s Bronx, Resorts World NYC and Metropolitan Park Win New York Casino Licences

After years of lobbying, spending, and political turns, the downstate New York casino race finally reached the finish line. State regulators signed off on all three finalists, closing one of the most closely watched casino processes in the US.

Good to Know

• New York approved three commercial casino licences
• Winners include Bally’s Bronx, Resorts World NYC, and Metropolitan Park
• Each licence carries long term community oversight requirements

Final approvals land before year end

The New York State Gaming Commission unanimously approved commercial casino licences for Bally’s Bronx, Resorts World NYC, and Metropolitan Park. Two projects sit in Queens, while one moves forward in the Bronx.

Each licence carries a $500 million fee and a strict condition. Operators must enter agreements with third parties to monitor and enforce community benefits promised during bidding. Those agreements must last at least five years, with quarterly progress reports.

The decision followed guidance from the Gaming Facility Location Board, which recommended all three projects on Dec. 1. Community Advisory Committees also pushed for binding oversight before final approval.

The outcome narrowed a field that once included 11 bidders. Hudson’s Bay Co., Las Vegas Sands, Wynn Resorts, and MGM Resorts exited voluntarily, while other bids fell out earlier in the process.

NYSGC Chairman Brian O’Dwyer said:

“To all three who have been granted this conditional licence, congratulations on behalf of the state of New York. We look forward to seeing the jobs, economic development, infrastructure and gaming revenue come to fruition.”

What the winners plan to build

Bally’s plans a $4 billion integrated resort at a Bronx golf course it owns. The project also includes a $115 million payment tied to the site purchase agreement with the Trump Organization.

Metropolitan Park outlines an $8 billion mixed use project next to Citi Field in Queens. The joint venture pairs Hard Rock International with Mets owner Steve Cohen. Rezoning hurdles and a late legal challenge from the US Tennis Association were resolved before approval.

Resorts World NYC plans a $5.5 billion expansion of its existing video lottery terminal facility in Queens. The bid stood out for aggressive proposed tax rates of 56 percent on slots and 30 percent on table games.

Resorts World aims to open the first phase in 2026. Bally’s Bronx and Metropolitan Park target 2030 openings.

Resorts World gains early lead

Resorts World entered the process as a frontrunner due to speed and tax terms. Robert DeSalvio, president of Genting Americas East, said:

“Resorts World New York City thanks the New York State Gaming Commission for today’s final approval. We look forward to opening within months as New York City’s first full commercial casino.”

That timeline could leave Resorts World as the only downstate casino for several years. Genting Bhd still works through the delayed sale of Resorts World Catskills and a broader corporate restructuring.

Questions around suitability surfaced after a $10.5 million anti money laundering fine tied to Resorts World Las Vegas. State regulators said nothing in the New York application blocked licensure.

Bally’s surprise win in the Bronx

Bally’s Bronx emerged as the biggest surprise among the winners. The project benefited from rezoning support by outgoing NYC Mayor Eric Adams and strong commitments around local hiring and diversity.

Despite heavy leverage and financing tied to Gaming and Leisure Properties, regulators moved forward. Bally’s Chairman Soo Kim said:

“Having grown up in the city, it’s an honor and privilege to be selected by the Gaming Commission to receive a licence. Our team has worked closely with community leaders, union partners and local stakeholders to build a project that delivers real jobs, lasting economic benefits and a world-class entertainment destination for the Bronx.”

Metropolitan Park clears political hurdles

Metropolitan Park long ranked among the favorites. Backing from Steve Cohen provided financial confidence, though local politics nearly stalled the project. Rezoning advanced after Senator John Liu stepped in when Senator Jessica Ramos declined to sponsor legislation.

Hard Rock CEO Jim Allen said his company is “excited to build on our long record of delivering world-class entertainment experiences here in Queens.”

FAQ

Which casinos won New York licences?

Bally’s Bronx, Resorts World NYC, and Metropolitan Park.

How much does each licence cost?

Each licence costs $500 million.

When will the casinos open?

Resorts World targets 2026, while Bally’s Bronx and Metropolitan Park aim for 2030.

Why are community agreements required?

The state requires third party oversight to ensure promised local benefits are delivered.

Were Manhattan bids approved?

No. All Manhattan proposals were eliminated earlier in the process.

The post Bally’s Bronx, Resorts World NYC and Metropolitan Park Win New York Casino Licences appeared first on iGaming.org.